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Trader holds $58M unrealized gain on leveraged Hyperliquid HYPE token position

Market News
16 Oct 2026
Tokenpost
View Source
Bullish
Trader holds $58M unrealized gain on leveraged Hyperliquid HYPE token position

On October 16, a trader named watershedpath held a five-times-leveraged long position in Hyperliquid's HYPE token, resulting in about $58 million in unrealized gains. The token price was $81.38, significantly higher than the average entry price of $38.68. This open position contributed to watershedpath's cumulative profit on Hyperliquid exceeding $50 million, marking one of the largest directional bets on HYPE. The gains remain unrealized as the position is still open, highlighting significant potential profit tied to the token's price movement.

As of October 16, 2026, 23:51 WIB, HYPE trades at Rp1.408.225 on Pluang, down 3.13% in one day. This price sits within a circulating supply of 254 million out of a total 950.8 million tokens, representing 27% circulation. Despite the recent dip, Pluang users show a nearly balanced order activity with 52% selling and 48% buying, holding their positions for an average of 37 days.

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